External balance on goods and services in Kuwait
Kuwait: External balance on goods and services was 10.96 billion constant LCU in 2024. ▼ Falling
External balance on goods and services in Kuwait, 2010–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant LCU.
Analysis
The most recent figure for external balance on goods and services in Kuwait is 10.96 billion constant LCU, measured in 2024.
The figure is up 2.2% on the previous year and down 18.4% over ten years.
Over the whole period, external balance on goods and services in Kuwait peaked at 15.10 billion constant LCU in 2012 and was at its lowest, 9.45 billion constant LCU, in 2018.
That places Kuwait 40th out of 161 countries with data for 2024, putting it in the top quarter.
The long-run direction has been consistently falling across the 15 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 12.35 billion constant LCU | 9.45 billion constant LCU | 15.10 billion constant LCU | 10 |
| 2020s | 11.70 billion constant LCU | 10.72 billion constant LCU | 12.99 billion constant LCU | 5 |
Countries ranked near Kuwait
More economy & growth data for Kuwait
- DEC alternative conversion factor 0.3065 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) -4.47 billion current LCU (2024)
- Net secondary income (Net current transfers from abroad) -14.57 billion current US$ (2024)
- Taxes less subsidies on products -3.61 billion current LCU (2025)
- Taxes less subsidies on products -11.79 billion current US$ (2025)
- Net primary income (Net income from abroad) 10.15 billion current LCU (2024)
- Net primary income (Net income from abroad) 33.08 billion current US$ (2024)
- GNI per capita 12,148 current LCU (2024)
- GNI per capita, Atlas method 41,110 current US$ (2024)
- GNI 59.49 billion current LCU (2024)
Frequently asked questions
- What is external balance on goods and services in Kuwait?
- External balance on goods and services in Kuwait was 10.96 billion constant LCU in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest external balance on goods and services recorded in Kuwait?
- The highest recorded value was 15.10 billion constant LCU in 2012.
- What is the lowest external balance on goods and services recorded in Kuwait?
- The lowest recorded value was 9.45 billion constant LCU in 2018.
- How does Kuwait rank for external balance on goods and services?
- Kuwait ranks 40th out of 161 countries with data for 2024.
- Is external balance on goods and services rising or falling in Kuwait?
- Over the last ten years it is down 18.4%. The long-run trend across the full record is falling.
- Where does this Kuwait data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of External balance on goods and services (constant LCU). Statizoid updates them automatically from the source API.
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About this data
The balance of international trade in goods and services is the difference between the exports and imports of goods and services. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.